WINTON GROUP Ltd grew its holdings in Southwest Airlines Co (NYSE:LUV) by 3,430.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 156,238 shares of the airline’s stock after buying an additional 151,812 shares during the period. WINTON GROUP Ltd’s holdings in Southwest Airlines were worth $9,757,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of LUV. Norman Fields Gottscho Capital Management LLC grew its holdings in shares of Southwest Airlines by 1.9% in the third quarter. Norman Fields Gottscho Capital Management LLC now owns 45,180 shares of the airline’s stock valued at $2,821,000 after purchasing an additional 855 shares during the period. AE Wealth Management LLC grew its holdings in shares of Southwest Airlines by 19.0% in the second quarter. AE Wealth Management LLC now owns 5,432 shares of the airline’s stock valued at $276,000 after purchasing an additional 869 shares during the period. IFM Investors Pty Ltd grew its holdings in shares of Southwest Airlines by 11.4% in the third quarter. IFM Investors Pty Ltd now owns 8,674 shares of the airline’s stock valued at $542,000 after purchasing an additional 888 shares during the period. Lucia Wealth Services LLC grew its holdings in shares of Southwest Airlines by 22.7% in the second quarter. Lucia Wealth Services LLC now owns 4,854 shares of the airline’s stock valued at $247,000 after purchasing an additional 898 shares during the period. Finally, CIBC Asset Management Inc grew its holdings in shares of Southwest Airlines by 0.4% in the second quarter. CIBC Asset Management Inc now owns 228,478 shares of the airline’s stock valued at $11,625,000 after purchasing an additional 956 shares during the period. Institutional investors and hedge funds own 78.03% of the company’s stock.
NYSE LUV opened at $52.49 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.47. Southwest Airlines Co has a one year low of $47.10 and a one year high of $66.99. The company has a market capitalization of $29.73 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 1.15 and a beta of 1.22.
Southwest Airlines (NYSE:LUV) last posted its quarterly earnings data on Thursday, October 25th. The airline reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.02. Southwest Airlines had a net margin of 17.18% and a return on equity of 22.27%. The business had revenue of $5.58 billion during the quarter, compared to analyst estimates of $5.56 billion. During the same quarter last year, the firm posted $0.88 earnings per share. Equities research analysts anticipate that Southwest Airlines Co will post 4.12 earnings per share for the current year.
In other news, EVP Andrew M. Watterson sold 6,130 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $59.28, for a total value of $363,386.40. Following the completion of the transaction, the executive vice president now owns 16,597 shares of the company’s stock, valued at $983,870.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.23% of the company’s stock.
A number of brokerages recently issued reports on LUV. Zacks Investment Research lowered shares of Southwest Airlines from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Stephens set a $69.00 price objective on shares of Southwest Airlines and gave the company a “buy” rating in a report on Friday, July 27th. JPMorgan Chase & Co. lowered shares of Southwest Airlines from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $63.00 to $52.00 in a research note on Tuesday, October 30th. ValuEngine raised shares of Southwest Airlines from a “sell” rating to a “hold” rating in a research note on Thursday, July 26th. Finally, Cowen increased their target price on shares of Southwest Airlines from $63.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, July 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $66.78.
TRADEMARK VIOLATION WARNING: “WINTON GROUP Ltd Acquires 151,812 Shares of Southwest Airlines Co (LUV)” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://www.americanbankingnews.com/2018/11/10/winton-group-ltd-acquires-151812-shares-of-southwest-airlines-co-luv.html.
Southwest Airlines Profile
Southwest Airlines Co operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2017, the company operated a total of 706 Boeing 737 aircraft; and served 100 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 10 near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.
Featured Article: Day Trading
Want to see what other hedge funds are holding LUV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southwest Airlines Co (NYSE:LUV).
Receive News & Ratings for Southwest Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Airlines and related companies with MarketBeat.com's FREE daily email newsletter.